Kerry Group shares rise almost 3% on earnings outlook

Kerry Group’s shares jumped by nearly 3% after the nutrition and food group reaffirmed its full-year earnings guidance on the back of a strong nine-month performance.

The Tralee, Co Kerry-based group said it expects to meet its previously-stated target of achieving 7% to 9% growth in adjusted earnings per share, on a constant currency basis for 2019 after seeing revenues rise 10% in the first nine months of the year.